Grocery market in Saudi Arabia
The Saudi Arabian Grocery eCommerce market is predicted to reach US$761.6 million by 2024 and accounts for 5.8% of the total eCommerce market in Saudi Arabia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 20.7%, resulting in a projected market volume of US$1,617.0 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.
Market development
eCommerce revenue development in the Food Cupboard market in Saudi Arabia
The Saudi Arabian Food Cupboard eCommerce market is predicted to reach US$193.0 million by 2024 and accounts for 33.1% of the Food eCommerce market in Saudi Arabia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 18.4%, resulting in a projected market volume of US$379.7 million by 2028. The Food Cupboard eCommerce market is a sub-market of the Food market. Further categories within the Food market are: Baked Goods, Fresh Food, Frozen Food, and Meal Kits.
eCommerce revenue development in the Food Cupboard market in Saudi Arabia
eCommerce revenue growth in the Food Cupboard market in Saudi Arabia
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 98.2 | 26.8 | 81.2 | 25.6 | 85.3 | 75.3 | 67.3 | 93.0 | ||||
as of Food (in %) | 3.4 | 3.6 | 3.7 | 3.5 | 3.2 | 3.1 | 3.0 | 3.0 | 2.9 | 2.8 | 2.8 | 2.7 |
Market definition
Definition of the Food Cupboard market within the Grocery market
Market definition: Grocery > Food > Food Cupboard The category Food Cupboard includes the online trade of noodles, cereals, sweets and chocolate, and more. This category does not cover fresh food and frozen food. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Noodles
- Cereals
- Sweets and chocolate
- Nuts and dried fruits
- Baking supplies
Out-of-scope
- Fresh food
- Frozen food
Market comparison
The Saudi Arabian Food Cupboard market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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